A report of the Director of Finance informed the Cabinet that as part of the Council Budget 2011/12, £2 million of the Efficiency Investment Fund had been set aside to meet any re-provision and restructuring costs following the Early Voluntary Retirement/Voluntary Severance (EVR/VS) Scheme. The Cabinet was now recommended to allocate funding to Departmental budgets.

RESOLVED:

That the sum of £1,802,000 be transferred from the Efficiency Investment Fund to Departmental Budgets.